Business

Scotland's food and drink industry has achieved record high exports despite the impact of Brexit, according to HMRC trade statistics. The industry's global exports were worth £8 billion in 2022, a 30.6% increase from the previous year and 8.1% higher than the pre-pandemic peak in 2019.

The deadline for acquisition talks between Wood Group and Apollo Global Management has been extended to 19 April from 22 March.

Billionaire businessmen Sandy and James Easdale have been given the green light to develop a former Department of Work and Pensions building into a new £2 million drive-through. Their project is planned for the former DWP building at the corner of Scarlow Street and Greenock Road and will

Greenock Ocean Terminal has begun preparations for what is expected to be its busiest year since records began, as 91 cruise liners are booked into the Inverclyde town’s new dedicated pontoon across 2023 — a rise of over 25% on last year. As many as 150,000 passengers and 38,000 cre

Industry services firm Greenwell Equipment has recorded turnover of £6 million, for the 2021-2022 financial year, as the business completed several large-scale projects over the past twelve months. Greenwell, which is headquartered in Aberdeen’s Greenbank Road and specialises in cabins,

Irvine-headquartered construction property and investment business Edison Group has become a convert to the principle of the four-day working week for all employees. The new regime, which will guarantee all sixty Edison Group employees three days off each week: either Friday, Saturday and Sunda

Blantyre Capital and partner Fairtree Hotel Investments have aquired Scotland's Crerar Hotel Group for an undisclosed sum. Crerar's portfolio of hotels, consisting of seven four- and five-star hotels, will form a key part of the new owners’ plans to build a luxury UK hotel portfolio.

Shona Campbell, insolvency partner at business advisory and accountancy firm Henderson Loggie, has been appointed as liquidator of Holoxica, the Scottish-based holographic 3D visualisation company. Global supply chain issues, changes in trading conditions because of Brexit and the pandemic have crea

The surge in demand for its Mexican mixes has prompted a Scottish-based family-owned brand to make a significant six-figure investment into three new products fit for supermarket shelves. Run by two Scottish brothers, FreshMex has taken on the retail sector with the creation of two natural seasoning

New rules being brought in as part of changes to the non-domestic rates system in Scotland could cause confusion for landlords and property investors, particularly in the industrial sector, according to Knight Frank. Among the changes being brought in as part of the most recent settlement between th

The operating company of Airth Castle Hotel has decided to go into voluntary liquidation. A spokesperson for the firm revealed that the operating company suffered financially due to the impacts of the pandemic "as the hotel was forced to close for an extended period". This was followed by rising ene

Deanestor, a Dunfermline-based furniture and fitout specialist, has announced a record order intake of around £24 million in the last six months. The business is now anticipating its highest ever turnover in 2023, which is projected to rise to £22m. This will be an increase of £2.8

Lanarkshire-based Bells Food Group, which bakes 16 million Scotch pies annually, has been awarded a major contract to supply own-label pastry to Tesco stores throughout the UK, creating 15 additional jobs. The contract will see five and a half million packs of puff pastry made by Bells across five d

A Shetland-based sheep fleece rug maker has increased her sales, after receiving support from DigitalBoost, Scotland’s national digital upskilling programme, delivered by Business Gateway. Founded in September 2021, Hart of Shetland produces sustainable and ethical felted woollen fleece rugs u

Highlands and Islands Enterprise (HIE) has published figures showing the agency provided investments of just over £4.25 million in the Outer Hebrides during 2022. Between 1 January and 31 December, Salar Smokehouse Limited was awarded £72,685 towards its refit project at its new premises